Iowa SF642 amends provisions related to economic development, tax credits, and cultural programs.

Iowa SF642 revises the strategic infrastructure program, eliminating the Iowa innovation council's review role. It modifies the brownfield, grayfield, and redevelopment tax credits, requiring a CPA examination for project completion. The bill also changes the historic preservation tax credit, prohibiting transfers after January 1, 2026. It eliminates the film office and cultural grant programs, instead creating an arts and culture enhancement fund. The bill repeals several sections related to cultural and entertainment districts, and the Iowa cultural trust.

Iowa SF642 amends provisions related to economic development, tax credits, and cultural programs.

Iowa SF642 revises the strategic infrastructure program, eliminating the Iowa innovation council's review role. It modifies the brownfield, grayfield, and redevelopment tax credits, requiring a CPA examination for project completion. The bill also changes the historic preservation tax credit, prohibiting transfers after January 1, 2026. It eliminates the film office and cultural grant programs, instead creating an arts and culture enhancement fund. The bill repeals several sections related to cultural and entertainment districts, and the Iowa cultural trust.